Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.3B and total debt of $2.2B, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are $10.6B and $4.3B respectively. Kinross Gold's EBIT is $812.6M making its interest coverage ratio 30.2. It has cash and short-term investments of $423.3M.
Key information
35.6%
Debt to equity ratio
US$2.23b
Debt
Interest coverage ratio | 30.2x |
Cash | US$423.30m |
Equity | US$6.27b |
Total liabilities | US$4.28b |
Total assets | US$10.55b |
Recent financial health updates
Is Kinross Gold (TSE:K) Using Too Much Debt?
May 21Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Feb 13Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Nov 07Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet
Jul 23Does Kinross Gold (TSE:K) Have A Healthy Balance Sheet?
Mar 19Is Kinross Gold (TSE:K) A Risky Investment?
Nov 25Recent updates
Benign Growth For Kinross Gold Corporation (TSE:K) Underpins Its Share Price
Jul 11Is Kinross Gold (TSE:K) Using Too Much Debt?
May 21It's Unlikely That Kinross Gold Corporation's (TSE:K) CEO Will See A Huge Pay Rise This Year
May 02Kinross Gold Corporation's (TSE:K) Shares Bounce 28% But Its Business Still Trails The Industry
Mar 29Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Feb 13Estimating The Fair Value Of Kinross Gold Corporation (TSE:K)
Jan 29Unpleasant Surprises Could Be In Store For Kinross Gold Corporation's (TSE:K) Shares
Dec 29Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Nov 07A Look At The Fair Value Of Kinross Gold Corporation (TSE:K)
Aug 13Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet
Jul 23Estimating The Intrinsic Value Of Kinross Gold Corporation (TSE:K)
Apr 12Does Kinross Gold (TSE:K) Have A Healthy Balance Sheet?
Mar 19Is Kinross Gold (TSE:K) A Risky Investment?
Nov 25Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)
Oct 17We Think Kinross Gold (TSE:K) Is Taking Some Risk With Its Debt
Aug 09Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)
Jul 13Financial Position Analysis
Short Term Liabilities: K's short term assets ($1.8B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: K's short term assets ($1.8B) do not cover its long term liabilities ($2.7B).
Debt to Equity History and Analysis
Debt Level: K's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: K's debt to equity ratio has reduced from 40.6% to 35.6% over the past 5 years.
Debt Coverage: K's debt is well covered by operating cash flow (77%).
Interest Coverage: K's interest payments on its debt are well covered by EBIT (30.2x coverage).